Team Zero Weekly Newsletter
Issue #8
Welcome to issue №8 of the Zero Weekly Newsletter!
Week 8 has been a very defining week here for Zero, with some fundamental achievements made regarding the future of the coin on our continued path of stable, organic growth.
These fundamental achievements include:
- Establishment of 0% fee on all community pools
- Establishment of the community’s desire for a finite supply of ZER
- Contact made with the largest mining pool (Suprnova) establishing their support for the upcoming fork
- Insight API has been completed for Web and Mobile Wallet, with final tweaks occurring as the next deliverables
- Team debate, discussion, and agreement regarding upcoming fork that includes finite supply, block halving structure, and development fund
- New AMD/Nvidia Miner for Zero — Currently under testing
With regard to the overall finite supply structure, block halving regime, and also developer fund, we have discussed in detail within the Zero Team the ins and outs of this structure.
While we acknowledge that everyone has their say in the matter (thank you for providing your feedback), we as the development team need to focus not only on the immediate future of Zero, but also as equally significant, the mid to long term goals of the project for the investors, miners, and project development as a whole (in no particular order).
As can be demonstrated from a spate of coins and projects recently (particularly our fellow privacy coins), if these structures are not set up properly from the get go, there can be much perceived deceit, public fall outs, and overall detriment to the project.
Our aim as the development team is to deliver a transparent project that can be recognised as mainstay contender in the privacy coin realm and in the overall crypto space.
As a result of the above, and in balancing the needs of investors, miners, and the overall project development, the below coin structure will come into effect post-fork, date yet to be confirmed.
- Finite Supply Figures - 17,000,000 ZER
- First Block Halving - Block 800,000
- First Block Halving (Date) - June 3rd 2020
- Subsequent Halving’s - Every 800,000 blocks (approx. 3 years)
- Revised Block Reward - 10.8 ZER
- Development Fund - 0.8 ZER / Block (~7.5%)
(Per Block)
0.3 Exchange Funding & Marketing;
0.3 Development;
0.2 General;
Development Fund Total 0.8 ZER / Block
At this point in time, although we recognise that some form of node system is highly desired by the community, we will not be including a node structure in this particular fork.
Many projects that have implemented such a node feature and system have encountered much detriment from the community and 3rd parties when the execution of said node reward systems are flawed, or perceived to be Ponzi like. This is something that we at Zero do not take lightly regarding our coin and projects reputation, and will be the subject of much further discussion and debate should such a feature be implemented.
Please be clear when reading this though, that we are not ruling out some form of node system to be implemented at some point in future. We just need to be sure that if a node system was implemented, that is contributes to the short, mid, and long term goals of the coin / project.
As always, thank you all for your continued support on Zero’s path to steady, organic growth, and we hope you enjoy the products being delivered that can attest to Zero’s current and future status in this realm.
(Note for new comers — please bear in mind that at this point in time Zero relies solely on donations from the community as there was no pre-mine or ICO with this coin originally. We are working to implement a dev fee, so please read further and watch this space. Every person involved with Zero — inclusive of the dev team — are volunteering their time and efforts to the project)
For anyone interested in investing — please do your own research prior to committing to any project, and we ask you to please not blindly commit to a project because someone else told you to.
Let’s get into the details of what has been happening per section / discipline this week.
Wallets
Windows Wallet
Please update to the latest Windows simple wallet, the older wallet has deprecated and will no longer work. Your coins are safe on the blockchain as long as you have your private keys to import into the new wallet or have your wallet.zero file saved/backed up.
A big thanks to Lakimens with the latest wallet tutorial found here:
Web Wallet, Mobile Wallet, and Arizen Wallet
The API has now been completed and we can now incorporate this function into the web wallet, mobile wallet and Arizen wallet.
These are the next features to be worked on within the team, in conjunction with the upcoming fork parameters etc.
Note — In terms of tutorials for our new suite of wallets, Ingar and Rick will have some handy helping points available shortly for a clear and concise approach to running the wallets. This is great to have as the community organically increases, and we can all no doubt pick up some great information from this initiative.
General & Developer Funding
Please refer to the intro on this one.
Marketing
Ingar will be coming up shortly with a bit of a marketing phase in the lead up to the fork, with some rewards or bounties for some community initiated Zero themed posts, articles, videos, etc etc.
Ingar will be no doubt excited to get his teeth into such a phase, so keep your eyes peeled on how you can earn some Zero shortly.
Listings on Exchanges
The QIEX listing is now live and well, and although it has only been a few days in, we are interested to see QIEX grow alongside us. QIEX are currently going through the motions for CMC listing, and will hopefully not be too long now so that QIEX can also gain some wider recognition from the crypto-sphere.
(To also reiterate last week’s update below)
We look forward to seeing how the listing goes and as mentioned in previous updates, both Zero and Qiex are young, so will be good to mature together in the coming weeks and months.
We have also narrowed down a few exchanges that are interested in listing us (for a fee), and who we are also interested in.
We plan to structure our listings accordingly as we grow, so once you hear the news shortly that was mentioned earlier on in the update, we can provide a bit of a plan of action publically with this methodology. Let’s aim for next week on this one (without making the exchanges names public).
Donations
Thank you again to anyone who has been kind enough to have donated to our cause. We really do appreciate what the community has offered us as part of the community takeover.
The wallets below now have the total amount of ZER listed in each respective one to keep you updated.
We will have published the below addresses for donations very soon on the website, official announcements, Twitter etc, but please see the below in the meantime:
Developer Donation Wallet
t1cDotxmVEJrniDjNqqjsCWq8mLMApV8vXC
2222.42 ZER
Exchange Listings Donation Wallet t1WFymzcfzUPttYExprMyt1RPtyHWkic1WV
198.5 ZER
General Donation Wallet
t1fDbALrS7tZV7DDvadAT7yHi5Sztptj8yP
0 ZER
Please feel free to continue to donate to our addresses, as every little bit helps!
We will be asking this week for some assistance from some ‘Angel Donators’, so watch out for this, and if you have a healthy stash of funding, and interested in helping the cause — please let us know.
If we do not spend the community donations up to the implementation of the dev fund, we will, so long as the addresses that sent the ZER were not shielded, refund these amounts back to the rightful owners.
We believe that this is a fair and reasonable stance, and for those of you that did donate, thank you so much for your kindness and approach.
Meme / GIF of the Week
What is Zero without the memes hey? We are pleased to now have a weekly meme / gif that will be incorporated into the newsletter for a bit of fun each week.
This weeks winner:
Thanks to everyone for their ongoing support, and again, is great to be a part of such a strong community.
Team Ƶero
